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PM: Global companies have confidence in Egypt's investment climate
PM: Global companies have confidence in Egypt's investment climate

Egypt Independent

time12 hours ago

  • Business
  • Egypt Independent

PM: Global companies have confidence in Egypt's investment climate

Prime Minister Mostafa Madbouly affirmed that the inauguration of Jumia's logistics warehouse in Egypt reflects the confidence of major global companies in the country's investment climate. Madbouly said such a step also highlights the trust in the government's efforts to provide an investment-attracting climate for various projects and businesses across different sectors. The premier expressed his hope for further partnerships that would support the state's goals on digital transformation, developing the logistics infrastructure, and providing job opportunities for youth, especially in the fields of digital economy and e-commerce. Madbouly's remarks came Saturday 28/6/2025 during the opening ceremony of Jumia's warehouse, which is one of the largest logistics warehouses for e-commerce in Egypt with the latest technologies. He was accompanied by Amr Talaat, Minister of Communications and Information Technology, Governor of Cairo Ibrahim Saber and CEO of Jumia Egypt Abdel Latif Olama. For his part, the minister of communications emphasized the ICT ministry's commitment to expanding training programs in various telecommunications and information technology fields to meet the needs of companies for qualified personnel. These programs cover diverse areas such as call centers, business process outsourcing, software development, digital services, IT project management, as well as more advanced services in e-commerce field, according to him. The minister also highlighted efforts to encourage entrepreneurs and startups to take advantage of digital platforms, contributing to realizing the goals of Egypt's Vision 2030 in the fields of digital transformation and sustainable development. He noted that the software for Jumia platform was designed and implemented in Egypt by skilled and trained Egyptian professionals. For his part, the CEO of Jumia Egypt emphasized that the company believes the digital economy represents the future of growth in Egypt, stressing that collaboration with the Egyptian government strengthens the country's digital transformation efforts and supports small and medium-sized enterprises (SMEs) to expand locally and internationally. The prime minister and his accompanying officials were briefed about the activities of Jumia, the leading e-commerce platform in Africa, as the inauguration of this integrated warehouse in Egypt reflects the corporation's strong commitment to investing in the Egyptian market.

Egypt's PM Inaugurates Jumia's Largest E-Commerce Logistics Hub
Egypt's PM Inaugurates Jumia's Largest E-Commerce Logistics Hub

See - Sada Elbalad

timea day ago

  • Business
  • See - Sada Elbalad

Egypt's PM Inaugurates Jumia's Largest E-Commerce Logistics Hub

H-Tayea Prime Minister Mostafa Madbouly inaugurated Jumia Egypt's largest e-commerce logistics warehouse, designed with cutting-edge technologies, in a move that underscores the growing strength of Egypt's digital economy and investment climate. Following the launch of the BSH Group's first home appliance factory in Egypt earlier the same day, Madbouly visited the new Jumia facility, accompanied by Minister of Communications and Information Technology Amr Talaat, Cairo Governor Ibrahim Saber, and Jumia Egypt CEO Abdel Latif Olama. Expressing his satisfaction, Madbouly praised Jumia's successful expansion in Egypt and highlighted the company's growing confidence in the Egyptian market. He emphasized that this investment reflects the broader trust global companies place in Egypt's improving investment environment. The Prime Minister reaffirmed the government's commitment to supporting digital transformation, logistics infrastructure development, and job creation, particularly within the digital economy and e-commerce sectors. For his part, Jumia Egypt CEO Abdel Latif Olama stressed the company's belief in digital economy growth as a key driver of Egypt's future. He affirmed that cooperation with the government bolsters national efforts in digital transformation and enables small and medium-sized enterprises (SMEs) to scale both domestically and internationally. read more Gold prices rise, 21 Karat at EGP 3685 NATO's Role in Israeli-Palestinian Conflict US Expresses 'Strong Opposition' to New Turkish Military Operation in Syria Shoukry Meets Director-General of FAO Lavrov: confrontation bet. nuclear powers must be avoided News Iran Summons French Ambassador over Foreign Minister Remarks News Aboul Gheit Condemns Israeli Escalation in West Bank News Greek PM: Athens Plays Key Role in Improving Energy Security in Region News One Person Injured in Explosion at Ukrainian Embassy in Madrid News China Launches Largest Ever Aircraft Carrier Sports Former Al Zamalek Player Ibrahim Shika Passes away after Long Battle with Cancer Videos & Features Tragedy Overshadows MC Alger Championship Celebration: One Fan Dead, 11 Injured After Stadium Fall Lifestyle Get to Know 2025 Eid Al Adha Prayer Times in Egypt Business Fear & Greed Index Plummets to Lowest Level Ever Recorded amid Global Trade War Arts & Culture Zahi Hawass: Claims of Columns Beneath the Pyramid of Khafre Are Lies News Flights suspended at Port Sudan Airport after Drone Attacks Videos & Features Video: Trending Lifestyle TikToker Valeria Márquez Shot Dead during Live Stream News Shell Unveils Cost-Cutting, LNG Growth Plan Technology 50-Year Soviet Spacecraft 'Kosmos 482' Crashes into Indian Ocean

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